BOC Sashreeka Scheme I

Special Loan Scheme for Supporting the Local Organic Fertilizer , Pesticides and Herbicides Manufacturers (SLOFPHM)

Eligible Borrowers

Small, Medium and Large Scale Local Manufacturers of Fertilizer, Pesticides and Herbicides based on the above production capacity

Categories

Small

Medium

Large

Annual Production

Less than 1000 Mt.

1000   -10,000 Mt.

>10,000 Mt.

Maximum Loan Amount and

Interest Rate

Rs. 20.0 Mn

OR

100% of the project cost whichever is less

Rs. 150.0 Mn

OR

80% of the project cost whichever is less

(Excluding working Capital)

Rs. 1,000.0 Mn

OR

80% of the project cost whichever is less

(Excluding working Capital)

2.0 % 

3.0 %

·   First 5 Years: 4.0 %  and

·   5-10 Years: 6 Months AWPLR +2.5% p.a. with a floor rate of 8% p.a.

(Subject to review after 5 years)

 

Repayment Period and Grace Period

Purpose

Maximum Repayment Period

Maximum Grace Period

Investment only

10 Years

2 Years

Working Capital

3 Years

1 Year

Combined Loans

10 Years

2 Years

 

 

Special Requirements

  • Comprehensive project proposal
  • Financial feasibility of a project
    a) Repayment capacity of the borrower
    b) Sufficiency of income and increment of net income to pay the installment of loan
    c) Budget estimates
    d) Cash flow statements.
    e) Actual Working Capital Requirement
  • Satisfactory CRIB and DRU records.
  • Manufacturers of fertilize – Certificate from National Fertilizer Secretariat
  • Manufacturers of pesticide and herbicides - Certificate from the Department of Agriculture.
  • Initial Environmental Examination (IEE) / Environmental Protection License (EPL)
  • Legal clearances
  • All other relevant documents

 

 

Credit Scheme for manufacturers of organic fertilizers and locally producing weedicide and pesticide

Purpose 

To encourage the manufacturing of organic fertilizers and related activities
To finance locally produce weedicide and pesticide 

Quantum of Loan

Maximum of Rs. 200.00 Million or 75% of the Project cost

Repayment Period 

Investment : Up to 10 years
Working Capital : Up to 3 years
 

Area of Operation 

All Island 

Eligibility

Be a citizen of Sri Lanka
Be a permanent resident in Sri Lanka
projects should be economically sound and financially viable
Should not be a willful defaulter

 


* Conditions Apply

(Bank of Ceylon holds the authority to change, add or revise any condition, term or statement in this facility)

For more information, please contact the Manager at your nearest BOC Branch or call centre: 1975

Manager,
Development Banking Division, 
20th Floor, Head Office,
Bank of Ceylon,
No: 01, BOC Square, Bank of Ceylon Mawatha,
Colombo: 01.

Tel: 011 220 4525 / 011 220 4526 / 011220 4527,
Fax: 011 2448606

 

 

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